Latest news with #AbdullahAlSaleh
Zawya
24-04-2025
- Business
- Zawya
GCC real estate transactions grew by 20% in Q1, reaching $78.2 bn, says Sakan
Sakan, GCC's leading prop-tech and intelligence company, estimates that total real estate transactions across the GCC region reached as much as USD 78.2 billion in Q1 2025, growing between 20.5% and 22.3%, according to its latest estimates. Dubai has once again emerged as the leading market in the GCC, posting USD 38.7 billion in sales and accounting for nearly half of the region's total transaction value. Dubai's real estate transactions were 23.4% higher than the same period last year. Saudi Arabia follows as the second-largest market, with transactions totaling at least USD 20.3 billion, capturing 26% of the region's market share. The UAE as a whole, including markets Dubai, Abu Dhabi, Sharjah, and Ajman, collectively accounted for 65% of the region's total estimated transaction value, highlighting the country's importance in the growth of the region's property market. Abu Dhabi registered the largest year-on-year growth at 34.5%, followed by Sharjah (31.9%), Ajman (29%), and Kuwait (24%). Sakan CEO Abdullah Al Saleh comments: 'Our research at Sakan showed that the GCC real estate sector recorded USD 383 billion in property transactions in 2024, growing by 25%. We now see this growth being sustained in the first quarter of the year, despite economic tensions across the world. As real estate continues to offer a safe haven for investors in the GCC region and with artificial intelligence beginning to enhance real estate transactions, we expect to see sustained momentum in the property sector throughout the rest of 2025.' Notes: While the majority of the GCC markets already posted their Q1 results, data from Bahrain and Oman are still incomplete. Sakan estimated Bahrain and Oman transaction values based on historical and forecasted data. Saudi Arabia Q1 data compares figures from January 1 to March 25.
Mid East Info
20-03-2025
- Business
- Mid East Info
MAJRA hosts leading private sector entities, presents key sustainable impact projects - Middle East Business News and Information
MAJRA – National CSR Fund, the UAE's leading federal authority on corporate social responsibility (CSR) and sustainability in the private sector, hosted key private sector companies, members of Board of Trustees, and its Impact Seal Cycle 1 winners to present sustainable impact projects. The event, which featured high-level executives and decision-makers, focused on attracting contributions towards these high-impact projects, as well as accelerating private sector engagement in the UAE's sustainability agenda. This objective will be achieved by connecting investors to initiatives stemming from the Fund's Impact Retreat held in November last year. The key projects included initiatives that stood out at the Investopia 2025 summit, which emphasised sustainability and CSR policies in line with the UAE's vision to advance social impact and corporate responsibility in charitable and humanitarian works. The event also featured verified sustainable impact projects, which are a carefully curated selection of high-impact sustainability projects that have undergone rigorous assessment to ensure alignment with national priorities and investment viability. Other projects from the 'Future100,' a joint initiative between the Ministry of Economy, Government Development and the Future Office, and Majra to recognise and support 100 small and medium-sized enterprises (SMEs) driving sustainability and future economic competitiveness, were also present at the gathering. H.E. Abdullah Al Saleh, Undersecretary of the Minister of Economy and Vice Chairman of the Board of Trustees of Majra , emphasised the importance of private sector involvement in national efforts to enhance sustainability, stating, 'As the UAE strives to achieve its sustainable development goals, the private sector has a pivotal role in supporting and implementing transformative projects.' H.E. further noted that the gathering marks a significant step towards achieving the national goal of incorporating sustainability principles into the UAE's business sector. The gathering does not only offer a platform to shed light on these impactful projects but also contributes to building partnerships that will drive long-term value for investors and leave a lasting positive impact on the society in the UAE.' The event focused on Majra's 'Impact Retreat' that was held in November 2024, during which business leaders and policymakers discussed the private sector's role in advancing national sustainability goals. The next phase of the initiative requires implementing these ideas through in-kind and financial support and strategic partnerships to implement projects of national priority verified by key relevant ministries and transform them into practical solutions that will have a lasting social and environmental impact. Notably, collaborations were established with the Ministry of Education, Ministry of Health and Protection, Ministry of Industry and Advanced Technology, Ministry of Climate Change and Environment, and Ministry of Culture. Sarah Shaw, Chief Executive Officer of Majra , said: 'At Majra, we are not just encouraging sustainable thinking – we are creating tangible opportunities for the private sector to make impactful change in society. In line with national and international ESG frameworks, we are empowering companies to make quantifiable impact by matching investors with high-potential government-verified sustainability projects. The event served as a dynamic platform for collaboration, innovation and investment in developmental projects while developing sustainability policies and initiatives, with the participation from our platinum, gold and silver Impact Seal Cycle 1 winners – companies that have proven excellence in driving CSR & sustainability, as well as prominent private sector investors.' Majra continues its advocacy of corporate social responsibility by providing businesses with verified and high-impact opportunities to contribute in a more meaningful way. The gathering was a significant step towards this vision, transforming commitments into actionable contributions that benefit the UAE's economic and environmental progress.
Zawya
20-03-2025
- Business
- Zawya
MAJRA hosts leading private sector entities, presents key sustainable impact projects
MAJRA – National CSR Fund, the UAE's leading federal authority on corporate social responsibility (CSR) and sustainability in the private sector, hosted key private sector companies, members of Board of Trustees, and its Impact Seal Cycle 1 winners to present sustainable impact projects. The event, which featured high-level executives and decision-makers, focused on attracting contributions towards these high-impact projects, as well as accelerating private sector engagement in the UAE's sustainability agenda. This objective will be achieved by connecting investors to initiatives stemming from the Fund's Impact Retreat held in November last year. The key projects included initiatives that stood out at the Investopia 2025 summit, which emphasised sustainability and CSR policies in line with the UAE's vision to advance social impact and corporate responsibility in charitable and humanitarian works. The event also featured verified sustainable impact projects, which are a carefully curated selection of high-impact sustainability projects that have undergone rigorous assessment to ensure alignment with national priorities and investment viability. Other projects from the 'Future100,' a joint initiative between the Ministry of Economy, Government Development and the Future Office, and Majra to recognise and support 100 small and medium-sized enterprises (SMEs) driving sustainability and future economic competitiveness, were also present at the gathering. H.E. Abdullah Al Saleh, Undersecretary of the Minister of Economy and Vice Chairman of the Board of Trustees of Majra, emphasised the importance of private sector involvement in national efforts to enhance sustainability, stating, 'As the UAE strives to achieve its sustainable development goals, the private sector has a pivotal role in supporting and implementing transformative projects.' H.E. further noted that the gathering marks a significant step towards achieving the national goal of incorporating sustainability principles into the UAE's business sector. The gathering does not only offer a platform to shed light on these impactful projects but also contributes to building partnerships that will drive long-term value for investors and leave a lasting positive impact on the society in the UAE.' The event focused on Majra's 'Impact Retreat' that was held in November 2024, during which business leaders and policymakers discussed the private sector's role in advancing national sustainability goals. The next phase of the initiative requires implementing these ideas through in-kind and financial support and strategic partnerships to implement projects of national priority verified by key relevant ministries and transform them into practical solutions that will have a lasting social and environmental impact. Notably, collaborations were established with the Ministry of Education, Ministry of Health and Protection, Ministry of Industry and Advanced Technology, Ministry of Climate Change and Environment, and Ministry of Culture. Sarah Shaw, Chief Executive Officer of Majra, said: 'At Majra, we are not just encouraging sustainable thinking - we are creating tangible opportunities for the private sector to make impactful change in society. In line with national and international ESG frameworks, we are empowering companies to make quantifiable impact by matching investors with high-potential government-verified sustainability projects. The event served as a dynamic platform for collaboration, innovation and investment in developmental projects while developing sustainability policies and initiatives, with the participation from our platinum, gold and silver Impact Seal Cycle 1 winners - companies that have proven excellence in driving CSR & sustainability, as well as prominent private sector investors.' Majra continues its advocacy of corporate social responsibility by providing businesses with verified and high-impact opportunities to contribute in a more meaningful way. The gathering was a significant step towards this vision, transforming commitments into actionable contributions that benefit the UAE's economic and environmental progress.
Hi Dubai
28-02-2025
- Business
- Hi Dubai
National CSR Fund Unveils Inaugural 'Sustainable Impact Challenge' at Investopia 2025
The National CSR Fund, Majra, has launched the first edition of its 'Sustainable Impact Challenge' during Investopia 2025 in the UAE. The initiative was introduced under the patronage of Abdullah bin Touq Al Marri, Minister of Economy and Chairman of Majra's Board of Trustees, with the presence of Abdullah Al Saleh, Under-Secretary of the Ministry of Economy, and Sarah Shaw, Executive Director of Majra. The challenge aims to highlight and honour impactful corporate social responsibility (CSR) initiatives, reinforcing Majra's commitment to sustainable national development. It aligns with the UAE's broader objectives under the 'Green Agenda 2030' and the Sustainable Development Goals (SDGs), positioning the nation as a leader in innovation and responsible business practices. Abdullah Al Saleh emphasized the importance of the challenge, stating, 'Innovative ventures such as the 'Sustainable Impact Challenge' can help us achieve these goals much faster, while positioning the UAE as a global hub for innovation and responsible business practices.' The competition welcomes participation from companies of all sizes, including SMEs and third-sector organisations, offering a total cash prize of AED 600,000. Winners will be selected through a combination of expert evaluations and public voting, encouraging community engagement in the selection process. Sarah Shaw highlighted the significance of the initiative, adding, 'We are pleased to introduce the 'Sustainable Impact Challenge' which demonstrates our ongoing efforts to empower organisations that are driving positive transformation through exemplary CSR and sustainability initiatives.' Majra's participation in Investopia 2025 underscores its mission to foster a sustainability-centric corporate culture, equipping institutions with the necessary tools to advance the UAE's sustainable development journey. News Source: Emirates News Agency
Mid East Info
28-02-2025
- Business
- Mid East Info
Majra-National CSR Fund launches first ever ‘Sustainable Impact Challenge' to showcase transformative CSR initiatives in the UAE
Majra – National CSR Fund launched the premier edition of its 'Sustainable Impact Challenge' in the UAE during 'Investopia 2025'. The trailblazing initiative was launched under the patronage of H.E. Abdulla bin Touq Al Marri, Minister of Economy and Chairman of Majra's Board of Trustees, in the presence of H.E. Abdullah Al Saleh, Undersecretary of the Ministry of Economy and Vice Chairman of the Board of Trustees of Majra, alongside Sarah Shaw, Executive Director of Majra. The initiative aims to showcase and honour impactful corporate social responsibility (CSR) initiatives, reaffirming Majra's unwavering commitment to driving sustainable national development in key priority sectors. H.E. Abdullah Al Saleh said: 'Guided by the directives of our wise leadership, the UAE has adopted a highly progressive and forward-thinking approach to development, with a specific emphasis on advancing key Sustainable Development Goals (SDGs) through initiatives such as 'Green Agenda 2030'. Innovative ventures such as the 'Sustainable Impact Challenge' can help us achieve these goals much faster, while positioning the UAE as a global hub for innovation and responsible business practices.' His Excellency further stated: 'As a leading federal entity, Majra remains steadfast in its efforts to foster a dynamic ecosystem where businesses can flourish and create lasting impact. Moreover, by identifying and empowering organisations committed to sustainability, Majra strives to consolidate the UAE's pioneering stature as a beacon of progress and sustainable growth. In line with this, we invite all eligible companies and third-sector organisations to take part in this unique initiative, paving the way for a more resilient future.' The one-of-its-kind endeavour will serve as a dynamic platform for organisations to showcase their key sustainability projects and CSR efforts, bolstering Majra's pioneering role in supporting sustainable growth. The competition is open to companies of various sizes, from large enterprises to SMEs, and third-sector institutions, offering a cumulative cash prize of AED 600,000 to shortlisted projects that have made a positive impact. The challenge also encourages active public participation since the winners are determined based on both public opinion and expert evaluations. For her part, Sarah Shaw added: 'We are pleased to introduce the 'Sustainable Impact Challenge' which demonstrates our ongoing efforts to empower organisations that are driving positive transformation through exemplary CSR and sustainability initiatives. It also reflects our vision to advance sustainable impact investments, catalysing the nation's broader economic transformation. We invite all qualified organisations to seize this exciting opportunity and showcase their notable initiatives focused on advancing sustainability.' Majra's participation in 'Investopia 2025' falls under the long-standing federal vision to foster a sustainability-centric corporate culture in the UAE. Moreover, Majra aims to equip institutions with the critical tools and resources needed to drive positive change through its new initiative. Such innovative ventures play a crucial role in supporting the UAE's sustainable development journey, while also increasing sustainable impact investments.
